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Writing on the Wall!

Feb 17, 2022

OpEd in Illuminem: February 17,2002

https://illuminem.com/energyvoices/52d115ee-a021-49d5-93f9-9c2b39c08475

Climate Change is nudging insurers out of their comfort zone. As a handmaiden of the industry, insurers have been ensconced at the point of sale for too long. It is time for an urgent course correction and willingly head towards the moment of truth. What can be a bigger truth than the climate emergency – an outcome of anthropocentric activity hastened by the industrial revolution. Whether it calls for mitigation, adaptation or resilience would depend on how quickly the reality dawns upon them. The signals are writ large and a lip service, as it turns out today, would be catastrophic not only to USD 6 trillion-plus global insurance business but can cause a far bigger damage arising from the investments of its float. Here I pick signals from the Geneva Association, Institute of Public Policy Research, Swiss Re and The Guardian.

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